Infosys promotes Krishnamurthy to president in re-jig

Bengaluru, July 30 (IANS) Software major Infosys Ltd promoted its Executive Vice President Rajesh Krishnamurthy to the post of President in a minor re-jig in the top management, a company official said on Saturday.

“Krishnamurthy has been promoted,” the official told IANS but did not elaborate further.

Prior to his elevation, Krishnamurthy was head of energy, utilities, resources, and telecom service lines. He replaced Sanjay Purohit as head of consulting services, which faced headwinds in discretionary spending during the April-June first quarter of this fiscal.

After the recent exit of top level executive Manish Tandon, the company entrusted healthcare, insurance and life sciences to Mohit Joshi and Sandeep Dadlani, who were made presidents, along with head of delivery Ravi Kumar in the rejig recently.

“The latest round of top-level changes would help the company restore some of the shine it lost during the June quarter,” Infosys chief executive Vishal Sikka said in an e-mail letter to the employees early this month.

Admitting that the consulting team had seen short-term challenges in the quarter, Sikka said under Krishnamurthy’s leadership, the consulting unit business was poised to restore to grow and evolve towards the tip of the spear.

“Our revenue growth of 2.2 per cent to $2,501 million, included a shortfall in consulting revenue, some declines in package implementations, and small declines in our India business and Finacle,” Sikka said.

As head of Infosys Europe, Krishnamurthy also oversaw the company’s operations in the region.

“Krishnamurthy is an integral part of the Infosys success story. In a 23-year career, he held senior positions across business units in all major markets. While leading large transformation projects, he realizes compelling value for clients through his industry knowledge and technology expertise,” the company said in its annual report.